AEX vs Binance | Why Binance Exchange Is Much Better

Let's dive into the world of cryptocurrency trading fees and and begin with Binance.

Binance charges a low spot maker fee of 0.1% and a spot taker fee of 0.10%. And for those that wish to trade futures, then trading fees are 0.02% for makers and 0.04% for takers. These fees are relatively competitive in the market.

However, that's not all! Binance offers additional discounts on trading fees if your monthly trade volumes exceed $1 million or if you hold at least 25 BNB tokens.

So, if you're a high-volume trader or a loyal BNB token holder, you can enjoy even lower trading fees.

Now, let's shift our focus to AEX. This exchange charges a spot maker fee of 0.06% and a spot taker fee of 0.16%. These fees are somewhere between what Binance offers making AEX an attractive option for traders looking to save on transaction costs.

Similar to Binance, AEX also provides fee discounts based on trading volumes and the number of GAT tokens held. If you either have a minimum of 5,000 GAT tokens or trade over 100 BTC in volume during a 30-day period, you become eligible for fee reductions.

Overall, while both AEX and Binance have competitive trading fee structures, Binance has the edge as they have much better liquidity than AEX which leads to better pricing.

AEX and Binance have some differences when it comes to deposit methods.

Binance is a global exchange that supports 26 fiat currencies and offers a wide range of deposit options. For fiat deposits, users can choose to transfer funds through bank transfers via Swift, Signet, SEPA, and Faster Payments (FSP).

Binance also accepts deposits through Visa, Mastercard, PayID, and Advacash. However, it's important to note that there are fees associated with these deposit methods. Deposits made with Visa and Mastercard incur a 1.8% fee while bank transfers via SEPA come with a 1 EUR fee. Those with an Advcash account can deposit funds with a 1.5% fee.

On the other hand, AEX does not support fiat deposits. Users can only deposit cryptocurrencies or use third-party providers to buy crypto with a card.

We do not recommend buying crypto through third-party providers as it comes with higher fees.

In terms of deposit options, Binance offers a more extensive list compared to AEX with more fiat currency variety and multiple deposit options.

When it comes to withdrawing funds, Binance provides multiple withdrawal methods for users to withdraw their fiat currencies.

If you want to withdraw USD, you can do so through SWIFT while EUR can be withdrawn via SEPA and GBP can be withdrawn via Faster Payments (FSP).

It's worth noting that Binance charges a 1.8% withdrawal fee for fiat withdrawals made with Visa and MasterCard. For EUR withdrawals using SEPA, there is a fixed fee of 1 EUR. However, if you choose to withdraw funds through a bank, you can do so for free using many other fiat currencies.

Moving on to cryptocurrency withdrawals on Binance, the fees vary depending on the digital asset. For Bitcoin, the withdrawal fee is 0.0002 BTC, while for Ethereum it is 0.000768 ETH. If you're withdrawing Solana, there is a fee of 0.008 SOL, and for USDT (ERC-20), the withdrawal fee is 4 USDT.

AEX does not support fiat currency withdrawals and users can thus only withdraw cryptocurrencies such as BTC, ETH, USDC, and USDT.

The withdrawal fees for these cryptocurrencies are as follows: 0.001 BTC for Bitcoin, 0.01 ETH for Ethereum, 0.01 SOL for Solana and 5 USDT for Tether withdrawals.

In conclusion, when comparing AEX and Binance, it is clear that Binance has the advantage in terms of its size, range of services, and user base.

AEX, being a smaller exchange has limited offerings and suffers from low liquidity. Binance, on the other hand, offers a comprehensive suite of trading and financial services, supports over 350 cryptocurrencies, and has one of the highest liquidity levels in the world.

In terms of the signup process, both exchanges have user-friendly interfaces that allow for quick and hassle-free account creation. However, AEX does not require KYC verification for basic account usage, while Binance requires users to complete the KYC process before trading.

When it comes to trading fees, Binance and AEX have their own fee structures and incentives. Binance offers low 0.1% spot fees for makers and takers while AEX offers lower fees for makers 0.06%, and higher fees for takers 0.16%.

In terms of deposit methods, Binance offers a wide range of deposit options for fiat and cryptocurrencies including bank transfers, credit/debit cards, and digital payment platforms. AEX does not support fiat deposits and focuses on cryptocurrency deposits or buying crypto through third-party providers.

Unfortunately for AEX, it falls short in almost every category compared to Binance which is the overall superior exchange!